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In order to strengthening the economic recovery of Malaysia, the Aeropolis in joint efforts with Alibaba Group announce the commencement of operations of the new e-fulfilment hub, Cainiao Aeropolis eWTP Hub, Malaysia.

  • The hub is a joint venture (JV) between Malaysia Airports and Alibaba Group, and a major project under the electronic World Trade Platform (eWTP) partnership entered between the Malaysian government and Alibaba Group in 2017.
  • The commencement of operations is expected to help facilitate 24-hour delivery within Malaysia for e-commerce operators, with the ultimate goal of enabling 72-hour delivery to the rest of the world.
  • Operated by Alibaba’s logistics unit, Cainiao Smart Logistics Network (Cainiao), Cainiao Aeropolis eWTP Hub, Malaysia aims to help elevate KL International Airport’s air cargo network status as one of the leading distribution gateways within the ASEAN region.

    The prominent investments and deals by Alibaba Group are featured below:

    Oct 2020: Alibaba Group Holding Limited will acquire controlling stake in China based Sun Art Retail Group Limited for approximately $3.6 billion. The Sun Art is a leading hypermarket and supermarket operator in China.

    June 2020: The municipal government of Yiwu, in Zhejiang Province in China announce partnership with Alibaba Group to develop a Digitized Comprehensive Bonded Zone under the eWTP (electronic World Trade Platform) framework.

    June 2020: Alibaba Group announced that its data intelligence company Alibaba Cloud, will invest US$283 million during this fiscal year to empower global partners and accelerate joint innovations in the post-pandemic era.

    May 2020: Alibaba Group Holding Limited had contributed approximately $480 million to support the global fight against Covid-19. The support includes waiving the operating fee for merchants, providing financial support and low- or zero-interest loans, opening up Alibaba’s digital service capabilities and offering flexible employment opportunities.

    December 2019: Industrial and Commercial Bank of China (ICBC), Alibaba Group (Alibaba), and Ant Financial Services Group entered a comprehensive strategic partnership to enhance the services available to users by deepening their level of cooperation in the key areas of fintech and financial services.

    November 2019: Alibaba Group sign agreements with Government of Ethiopia to Establish eWTP Ethiopia Hub. The eWTP (electronic world trade platform) Hub is intended to enable cross-border trade, provide smart logistics and fulfillment services, assist Ethiopian small and medium-sized enterprises (SMEs) to reach China and other markets, and provide talent training.

About Alibaba Group
Alibaba Group is one of the leading e-commerce multinational conglomerate, based in China. Alibaba businesses are comprised of core commerce, cloud computing, digital media and entertainment, and innovation initiatives. Alibaba is acquiring a 33% equity stake in Ant Financial, which will provides payment and financial services to consumers and merchants on Alibaba’s platforms.
An ecosystem has developed around Alibaba platforms and businesses that consists of consumers, merchants, brands, retailers, other businesses, third-party service providers and strategic alliance partners.

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